PETRONET has broken the support of 117. The fall
may continue. Today’s close is at 115.70. A short position can be initiated.
The targets can be set at 114 & 111. Please keep in mind that 114 is a very
strong support. Only break below that, will be leading the stock to further
down. A closing basis Stop Loss can be maintained at 118.
Please refer the chart below :
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